Nat Gas News – November 19, 2018

Nat Gas News – November 19, 2018

Lower Natural Gas Costs, Tax Credits Help DTE Energy Keep Bills Down This Winter

Marketwatch reported: Across the November- March heating season, the typical residential natural gas customer can expect to spend about 7.5 percent, or about $44, less than over the same period last year. The decrease is the result of reductions in the cost of natural gas and a usage-based tax credit reflecting the company’s federal tax savings from 2018. “Customers are going to save this winter because DTE has been able to keep its cost for natural gas down through our buying strategy, and what we pay is what customers pay,” said Dan Brudzynski, vice president of Gas Sales and Supply at DTE Energy. “By purchasing gas throughout the year and storing it until now when customers need it, we’ve been able to take advantage of lower prices and lock those savings in.” Bills will also be lighter this heating season as DTE returns federal tax savings to customers through a usage-based credit.

Russia’s $11 Billion Natural Gas Pipeline Is Primed to Fuel Europe

Hellenic Shipping News reported: In the shadows of a longsilent East German nuclear reactor on the edge of the Baltic Sea, engineers are drilling, dredging, and digging in a forest clearing. As one set of workers shifts contaminated concrete and other radioactive materials from the Soviet-designed Greifswald plant, half a kilometer away contractors for Gazprom PJSC are building the latest monument to Europe’s growing dependence on Russia for energy: the controversial Nord Stream 2 gas pipeline. Germany could receive more gas pumped directly from Siberian fields as soon as late next year. The $11 billion pipeline is one of three giant projects helping the world’s biggest gas producer strengthen its grip on Europe and Asia.